Invoice Factoring and Accounts Receivable Financing For Your Maine Business

Factor Your Receivables And Improve Cash Flow Without Additional Debt

Money Fuels Your Maine Business

When cash flow stalls, it compromises your ability to run your company. How many times have you put aside bills, lost sleep over payroll, or couldn’t pay suppliers when they asked for payment? There is a time during each month, for all growing Maine businesses, when outstanding receivables are keeping you grounded. If only you could get paid today on work you completed, your business would take off. You can get immediate cash for your business with the Paragon Factor.

Paragon Serves As Your Cash Flow Engine

Paragon provides you with up to 90% of your outstanding receivables right now, and the balance when your clients complete payment. In as little as two to three days, you can establish an account with Paragon with no long term contracts required. You then have the freedom to factor as often as needed. For just a small fee, Paragon provides you with cash now. Approval is based on your customer’s ability to pay, not your Maine businesses credit.

The Paragon Factor Gives You The Power To Make Things Happen Now

>Improve Cash Flow Without Additional Debt

Factoring is not a loan, so you’re not incurring any debt. Paragon asks for no equity stake in your company. You get money immediately upon completion of work, while maintaining full command of your company.

Client Credit Services

Paragon can act as your in-house credit department at no cost to you. Before doing business with a new customer, let Paragon give you a comprehensive payment and credit history so you can avoid problem clients.

Accounts Receivable Management

Paragon provides on-line, real time reporting. You can log on anytime and see updated aging reports, collection reports, and more. Back date certain reports and print them out directly for internal use or accounting purposes.??Paragon is not a collection agency, but we do have a team of callers that put in friendly reminders to clients with past due accounts. We make sure to handle all calls in a professional manner. After consulting with you first, Paragon is fully capable of applying pressure when needed.

Extensive Coverage

Wherever in Maine your business is located, Portland to Lewiston, Bangor to Auburn, Paragon is available to service all your invoice factoring needs.

Flexibility

Paragon’s agreements give you the flexibility to factor what you want, when you want, without requiring long term contracts. You choose which accounts that you wish to factor. Unlike some other companies, Paragon does not require you to factor everything. We only want you to use factoring if and when it’s beneficial for you.

Acquire More Business – Get Discounts From Your Suppliers

Factoring gives you the capital to pursue bigger contracts and clients. Paragon gives you the ability to expand your Maine business. When funds are available, you can pay your suppliers quickly. Sometimes getting as little as a 2% quick pay discount from vendors can absorb most of the cost of factoring.

Paragon serves all areas of Maine, including South Portland, Biddeford, and Brunswick.